Pfizer, GSK enter multibillion-dollar merger
Hong Kong (CNN Business)GlaxoSmithKline and Pfizer are combining their consumer healthcare businesses in a multibillion-dollar merger.
The two pharmaceutical giants — which own household names like Advil and Tums — said Wednesday that the new company would have combined sales of $12.7 billion a year.
The merger will bring together Pfizer’s big sellers like Centrum and Caltrate with GSK’s top brands, including Excedrin and Nicorette.
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